2020 Mortgage-Free Wannabes

Jessy103 · 4 February 2020 at 7:43AM

Hi everyone!

No. 12 reporting an overpayment of £46.79 for February.

Thanks
Jess

julicorn · 4 February 2020 at 9:19AM

Jrose1927 wrote: »

Hello

Id love to join this challenge 153,000 left to pay

My target this year is 4000

Welcome to the challenge! You're #123

Rainbowsky · 4 February 2020 at 11:39AM

Hi #34 here with a payment of £600 for February.

Thanks to Julicorn for updating.

Cherryfudge · 4 February 2020 at 1:27PM

Lomcevak wrote: »

if I hadn't started overpaying, I'd still have a £125k mortgage with 12 years to run...!

That's a fantastic achievement, how encouraging for the rest of us! :T:T:T

MrsMouse · 4 February 2020 at 4:37PM

#47 with another small £6.10 to bring this YTD to £149.79. Thank you

Lomcevak · 4 February 2020 at 4:50PM

Cherryfudge wrote: »

That's a fantastic achievement, how encouraging for the rest of us! :T:T:T

Thank you

Looking back, my first OP was ... £40! ... in August 2008, and I only managed to overpay £2,898 in my first five years of my mortgage, so it's not like I was overpaying big lumps when I started. But it was enough to get the snowball rolling.

I then joined MSE at the end of 2011, found this board, paid at least something each month since 2013 (I missed a few months in 2012 when some building work ran over budget), and bit by bit the OP's have grown and the mortgage has shrunk away to nothing. It's a long slog, but it becomes second nature fairly quickly.